NSC - Norfolk Southern Stock Downgraded: BofA Flags Increasing Concerns Over Data Integrity and Operational Setbacks | Benzinga
BofA Securities analyst Ken Hoexter downgraded the shares of Norfolk Southern Corporation (NYSE: NSC) from Buy to Neutral and lowered the price target from $266 to $215.
NSC’s multiple external impacts to its operations are of increasing concern over its data integrity, along with suspension in customer moves, which can lead to potential share loss to peers, said the analyst.
The analyst lowered FY 23/’24/’25 EPS estimate 6%/7%/6%, to $11.90/$13.00 /$14.50, from $12.60/$14.00/$15.45.
The analyst noted that the company experienced a data center outage Friday (Sept 29) evening, which suspended its dispatching, train starts, ...